In this weeks ‘Voice for Real Estate Video’ we learn about email scams in which a hacker breaks into the email account of real estate practitioners or closing professionals and learns key transaction information like account numbers. For more information visit the NAR YouTube channel.
In this weeks video from the NAR YouTube channel, NAR’s Director of Broadcasting Stephen Gasque talks bout the upcoming 2015 NAR Legislative Meetings where more than 8,000 REALTORS will travel to Washington to help ensure federal legislation and regulations help rather than hurt real estate. Stephen talks with Sen. Shelley Moore Capito (R-W.Va.) and NAR Chief Lobbyist Jerry Giovaniello talks about priorities in NAR’s legislative town hall meeting.
We also learn about lawmakers getting tough on patent trolls and NAR Senior Counsel Finley Maxson provides advice on preparing for August 1 changes to closing procedures.
The HUD-1 settlement statement and Good Faith Estimate forms are going away on August 1. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule requiring everything to be in place three days prior to closing. And last-minute changes face new hurdles. Learn about the changes in this video walk-through.